Issue of August 2023 – Regulations on penalties for administration violations in security of personal data in the new Draft Decree on penalties for administrative violations in the field of cybersecurity

Dear Valued Clients, Decree 13/2023/ND-CP which took effect on July 1, 2023, provides more detailed regulations on data protection and cybersecurity obligations for personal data processing activities in order to strengthen the legal framework governing activities in cyberspace. Accordingly, in order to ensure the implementation of regulations on network security and personal data security, on May 31, 2023, the Ministry of Public Security published the third draft of the Decree…

Issue 020823 – New policy on Vietnam visa for foreigners

Dear Valued Clients, On June 24, 2023, the National Assembly passed the Law amending and supplementing a number of articles of the Law on Entry and Exit of Vietnamese Citizens and the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam and it takes effect from August 15, 2023. Accordingly, the article will update Clients with the highlights related to visas in this new legal document. In general,…

Issue 010823 – The register of members

Dear Valued Clients, The register of members in a multi-member limited liability company  (hereinbelow referred to as “The Company”) is an important document that the company must prepare immediately after receiving the Enterprise Registration Certificate. Therefore, in the initial stage of company formation and throughout the operation process, the company needs to pay attention to legal issues related to the register of members for convenience during operation. To order to…

[NEW PARTNERSHIP ANNOUNCEMENT] ENT Law LLC and Marunouchi Management Law Office

NEW PARTNERSHIP ANNOUNCEMENT ENT Law LLC and Marunouchi Management Law Office In August 2023, ENT Law LLC is pleased to announce our official partnership with Marunouchi Management Law Office, one of the most dedicated, outstanding, and experienced local law firms for small and medium-sized enterprises in Nagoya, Japan. WHAT TO EXPECT IN THIS PARTNERSHIP? Recognizing the increasing influx of Japanese investors in Vietnam, and understanding the difficulties in navigating the…

Issue of July 2023 – New points of Decree 46/2023/ND-CP of the Government dated July 1,2023 guiding the Law on Insurance Business

On July 1st 2023, the Government issued Decree 46/2023/ND-CP detailing the implementation of a number of articles of the Law on Insurance Business (“Decree 46”). In particular, it stipulates a number of issues such as financial conditions to be granted establishment and operation Licenses of insurers, reinsurers, foreign insurance branches in Vietnam, capital conditions, responsibilities of the Ministry of Finance, etc. Decree 46 officially takes effect from the date of…

Issue 030723 – Capital Contribution to establish multi-member limited liability company

Dear Valued Clients,  Contributed capital in companies in general and in multi-member limited companies in particular, is one of the most fundamental matter that needs to be carefully considered from the planning stage. To have the capital for their operation, especially after establishment, investors have to choose the amount of capital, type of capital contribution suitable with the scale, and business lines in compliance with the law. In order to…

Issue 020723 – Establishment of enterprises

Dear Valued Clients, Incorporation is the first procedure to create a commercial entity to carry on business operations in an orderly and organized manner. To learn about the application files as well as the process and procedures for the establishment of an enterprise and, subsequently, post-licensing matters, investors may pay attention to our below guidance. 1. Application dossiers for enterprise incorporation[1] At first, investors (who are supposed to be the…

Issue 010723 – Establishment of the Business locations

Dear Valued Clients, Besides the branch or the representative office, the business location is also one of the dependent units’ types of enterprises established in Vietnam. Depending on business purposes and needs, businesses can establish business locations to serve their plans. In order to understand clearly the definition, functions, activities, and established procedures of a business location in accordance with the laws, please refer to this article. Customers can also…

Ms. Nguyen Nhat Anh – Intern

Ms. Nguyen Nhat Anh – currently a student studying high quality law – Hanoi Law University. With excellent academic achievements during 3.7/4, Ms. Nhat Anh has solid professional knowledge in fields including business, criminal, civil, and international trade. At ENT, Nhat Anh was responsible for supporting lawyers in providing legal advice for many complex cases on businesses, labor, investment…, focusing on researching legal issues and preparing legal documents, helping to…

Issue of June 2023 – Notable changes of the Law on Insurance Business 2022

Dear Valued Clients, The Law on Insurance Business No. 08/2022/QH15 was passed and promulgated by the National Assembly on June 16, 2022 (“Law on Insurance Business 2022”). This is an important legal document and is expected to create a new development step for the insurance market of Vietnam in the upcoming time. The Law on Insurance Business 2022 takes effect from January 1, 2023. 1. Implementation of Vietnam’s international commitments…

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